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Consolidated Statements of Operations and Comprehensive (Loss) - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Sales    
Net sales $ 124,140,355 $ 168,450,904
Cost of goods sold    
Cost of goods sold 102,222,062 139,244,622
Gross profit 21,918,293 29,206,282
Operating expenses    
Selling expenses 8,334,453 11,195,153
General and administrative expenses 27,197,200 101,809,233
Total operating expenses 35,531,653 113,004,386
Loss from operations (13,613,360) (83,798,104)
Other income (expense)    
Other income (expense) 271,111 2,046,137
Interest income 258,248 194,228
Interest expense (295,804) (256,785)
Total other income (expense) 233,555 1,983,580
Loss from continuing operations before income taxes (13,379,805) (81,814,524)
Provision for income taxes (97,820) (1,291,828)
Net loss from continuing operations (13,281,985) (80,522,696)
Net loss from discontinued operations, net of taxes (17,841,636)
Net loss (13,281,985) (98,364,332)
Other comprehensive loss    
Foreign currency translation gain loss (13,536,051) (8,832,901)
Comprehensive loss $ (26,818,036) $ (107,197,233)
Basic weighted average shares outstanding (in Shares) 13,248,684 9,348,100
Basic net loss per share – from continuing operations (in Dollars per share) $ (1) $ (8.61)
Basic net loss earnings per share – from discontinued operations (in Dollars per share) (1.91)
Basic net loss per share (in Dollars per share) $ (1) $ (10.52)
Diluted weighted average shares outstanding (in Shares) 13,248,684 9,348,100
Diluted net loss per share– from continuing operations (in Dollars per share) $ (1) $ (8.61)
Diluted net loss earnings per share – from discontinued operations (in Dollars per share) (1.91)
Diluted net loss per share (in Dollars per share) $ (1) $ (10.52)
Jinong    
Sales    
Net sales $ 40,247,303 $ 54,339,228
Cost of goods sold    
Cost of goods sold 28,942,247 39,651,439
Gufeng    
Sales    
Net sales 74,028,542 102,755,286
Cost of goods sold    
Cost of goods sold 65,143,060 90,065,842
Yuxing    
Sales    
Net sales 9,654,168 11,356,390
Cost of goods sold    
Cost of goods sold 7,981,531 9,527,341
Antaeus    
Sales    
Net sales 210,342
Cost of goods sold    
Cost of goods sold $ 155,224